The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-04-03
FINANCE AND MINING.
The Weeks Happenings in
Trade Circles.
MONEY AND REAL ESTATE,
Everything "on string"--ore and
BuAfon-Newsy Notes From Nh
merous Mines-General.

The week just closed may be SET down
as fairly prosperous one. 1t was not
remarkable for any particularly large
transactions, but interviews with the
leading merchants and business men
revealed steady trade, which was
| slightly increased during the last two
days. Collections, however, are re-
ported as slow, and remittapoes do not
come in with the rush that could be
wished for. There has been heavy
demand for spring goods among the
leading merchants; orders from the
country have been quite numerous, and
the faces of large numbers of country
buyers have been seen in business
circles. Merchants generally seem to
be hopeful, as to the future, but some
are yet inclined to look upon the dark
side of the picture.
Rumors of immense quantities of real
estate changing hands have been rife
during the week, as they were for the
week previous, and while great things
are promised soon, sales of any par
tlcular Importance have failed to come
to the surface-h any have been made.
Each real estate man mas something
ION the string" but so far as can be
learned, most of the strings are a trifie
longer than is absolutely necessary for
the peace of mind of the individuals
concerned in the negotiations.
Street Railway stock is held at $25,
with no reports of any changi- g hands.
In fact, all local stocks have been at
standstill.
Utah Southern Extension bonds were
last quoted in New York at SON the
Oath instant.
Money is easy at and 10 per cent,
but owing to the recent action of the
county authorities in searching the
records, and taxing up all mortgages,
but few will loan at those figures save
on a guaranty that the tax assessed
will be paid by the borrower. Some
eastern parties who had placed
money with the banks in this city
telegraphed orders to make no more
loans save upon the basis mentioned
above, and the example set has been
followed by local money-lenders.
Special kilograms to Bradstreet's re-
port a fair increase in the volume of
merchandise distributed during the
week, due in part to the pressure to
move grain, produce and other staples
to the full extent of the mand prior
to April 9Th, beyond which existing
railway freight rates do not extend.
There has been q distinct increase in
the volume of general trade at Port
land, Me-, Philadelphia, Pittsburg,
Cincinnati. Louisville, st. Louis, Chi
cago and st. Paul, not only as against
the. earlier portion of the month, but
u q II u cd in
as well. Considerable interest will at
tach to the movement of produce and
merchandise by rail during the next
fortnight, in view of the experimental
nature of the new freight tariffs, as well
as on account Of the complaints made
as to cIassi6calions already arranged.
The increase of east-bound freight
rates again, last week, corroborated our
reports as to the rate of move
ment of produce east from Chicago. If
the interstate commission will ar
range to make public west-bOund ton
mage statistics weekly the result must
prove a distinct gain: The railways
have thus far refused to do this. Lake
navigation promises to open with
higher rates on the suppOsltlon that
high railway freights will result from
the interstate law. This has advanced
the price of as we'll as the demand for
lake tonnage. Agricultural progress IN
the valley of the Missouri and in Da-
kota has been delayed by the flood, but
elsewhere in the northwest and the
west the weather has improved, coun-
try roads have hardened, and business
is more active. Spring wheat seeding
has not progressed in Wisconsin, owing
to excessive dampness. In the south,
except in portions of Georgia where 1t
has been cold, the weather has favored
the crops.
Total bank cIearings at thirty-six
cities for six days ending 10Th,
aggregase 1858, O92, 400, against $780,
9O6O97 last week and 1852, 7Z9, leo IN
tie like week of 1886. This shows
loss of $132, ,0G0, or. ,13H
per. cent. during the week and III per
cent. against last year. Homesdc
money markets generally are active,
and rates tend upward. largely depend
ent on the demand for April settle
ments. The request for accomm0da-
ton from the interior. from spectators,
investors, merchants and manufac-
tureH at Chicago is heavy. and funds
are leaving Milwaukee for the LUMBER
and mining districts. Collections are
better than last week. Money at New
York is firm, though rates, it is thought,
will soon be lower. Foreign exchange
has tended 10 higher quotations as the
result of increased inquiry and a scar
city of supply.
Ore and Bullion.